Chapter 4 Role Of Government In Business Flashcards Preview

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Flashcards in Chapter 4 Role Of Government In Business Deck (11):
1

Crown corporations

Companies that are owned by federal or provincial government

2

Privatization

Process of government selling crown corporations

3

Deregulation

Government withdrawal of certain laws and regulations that hinder competition

4

Marketing boards

Organizations control supply or pricing of cerium agricultural products in Canada

5

Fiscal policy

Federal government effort to keep the economy stable by increasing or decreasing taxes or government spending

6

Deficit

A government spends above and beyond the amount it collects in taxes

7

Surplus

Excess of revenues over expenditures

8

Federal budget

Comprehensive report that reveals government financial policies for the coming year

9

Monetary policy

Management of the money supply and interest rates

10

Industrial policy

Comprehensive, coordinated government plan to guide and revitalize the economy

11

National policy

High tariffs on imports from USA to protect Canadian manufacturing